2020 Best Annuity Rates in Canada

Annuity Comparison Tables

2020 annuity rates
Figure 1. Annuity Rates 2020

Annuity Rates as of November 2, 2020

Single Life: Male

Single Life Female

Joint Life

The following monthly annuity rates are based on a premium of $100,000.00 of registered funds. Payments will commence in one month.

Annuity Rates as of November 2, 2020

Single Life: Male, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 377.01 421.42 485.23 583.10 674.31 866.65
Canada Life 364.37 401.64 455.21 532.09 647.65 820.37
Desjardins Fin. Security 374.40 417.50 476.12 559.18 671.77 822.42
Empire Life 357.31 400.76 459.58 539.40 645.89 -
RBC Life Insurance 352.43 392.95 447.01 528.25 653.54 857.07
Sun Life Assurance 343.55 395.91 475.59 567.93 682.55 862.13

Single Life: Male, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 372.45 413.02 467.65 543.76 593.15 685.90
Canada Life 361.24 396.24 445.21 510.39 595.02 682.42
Desjardins Fin. Security 371.69 412.72 467.12 539.44 624.66 727.02
Empire Life 354.56 395.00 446.80 512.61 596.77 702.56
Equitable Life 377.11 421.58 477.82 551.94 614.86 679.72
RBC Life Insurance 353.90 419.02 476.84 548.02 613.18 727.64
Sun Life Assurance 341.20 390.89 463.62 540.77 617.85 705.62

Single Life: Female, no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 354.23 392.56 436.77 517.65 583.31 750.21
Canada Life 340.63 370.47 415.83 475.86 560.68 676.58
Desjardins Fin. Security 350.39 387.84 437.98 507.15 598.50 731.24
Empire Life 332.88 367.94 415.63 482.55 579.63 -
RBC Life Insurance 330.00 368.10 415.09 481.98 582.64 744.66
Sun Life Assurance 326.91 370.63 433.69 516.02 620.65 777.49

Single Life: Female, 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 352.15 388.46 428.52 499.23 541.95 643.16
Canada Life 339.48 368.23 411.26 466.22 538.75 619.39
Desjardins Fin. Security 349.11 385.28 432.67 495.68 572.38 675.56
Empire Life 331.79 365.62 410.50 471.02 552.84 658.10
Equitable Life 354.86 392.47 438.77 504.00 569.72 637.91
RBC Life Insurance 341.63 389.67 436.65 502.25 558.17 668.54
Sun Life Assurance 325.29 367.18 425.98 498.62 577.85 667.71

Joint Life: no guarantee option

Company 55 60 65 70 75 80
BMO Insurance 322.20 351.39 383.38 445.78 485.84 606.29
Canada Life 303.65 342.92 373.29 422.34 492.26 591.96
Desjardins Fin. Security 321.94 352.02 392.63 449.10 522.90 639.88
Empire Life 307.32 334.75 371.78 423.02 496.29 -
RBC Life Insurance 320.04 343.32 373.27 424.42 500.67 621.66
Sun Life Assurance 290.42 326.89 384.68 442.75 515.75 632.67

Joint Life: 10 year guarantee option

Company 55 60 65 70 75 80
BMO Insurance 322.12 351.18 382.74 443.53 478.36 578.32
Canada Life 303.62 342.83 373.04 421.51 489.07 577.22
Desjardins Fin. Security 321.92 351.94 392.38 448.27 519.66 625.47
Empire Life 307.30 334.66 371.43 421.91 492.88 594.72
Equitable Life 323.96 354.07 392.32 450.55 504.68 576.11
RBC Life Insurance 318.41 351.69 399.76 448.17 512.37 612.65
Sun Life Assurance 290.39 326.78 384.25 441.23 509.52 606.63

*Manulife has discontinued external sales of individual fixed annuities.

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